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REGISTERED NUMBER: 06921714 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

KUDOS ROADSHOW LIMITED

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KUDOS ROADSHOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr J S Johal
Mr H S Kataria
Mr R S Kataria





REGISTERED OFFICE: Granville House
Wallingford Road
Uxbridge
UB8 2RW





REGISTERED NUMBER: 06921714 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,079,959 1,014,714
1,079,959 1,014,714

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 6 552,644 492,648
Cash at bank 702,897 265,456
1,270,541 773,104
CREDITORS
Amounts falling due within one year 7 1,386,466 1,332,064
NET CURRENT LIABILITIES (115,925 ) (558,960 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,034

455,754

CREDITORS
Amounts falling due after more than one
year

8

(100,000

)

(150,000

)

PROVISIONS FOR LIABILITIES (228,075 ) (156,495 )
NET ASSETS 635,959 149,259

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 635,859 149,159
SHAREHOLDERS' FUNDS 635,959 149,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:




Mr H S Kataria - Director Mr J S Johal - Director




Mr R S Kataria - Director


KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Kudos Roadshow Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents invoiced sales (net of VAT) for the provision of event management services, combined with hiring of audio visual plant and equipment. Turnover is recognised when there is a right to income following completion of the event.

Turnover is inclusive of amounts recoverable on contract, based upon the contractual right and proportion of income up to the reporting date.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Intangible fixed assets
Amortisation is provided at the annual rate of 20% on cost in order to write off the asset over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Property - 2% on cost-excluding land at 0%
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - at variable rates on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 3,200
AMORTISATION
At 1 July 2022
and 30 June 2023 3,200
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
Property machinery fittings
£    £    £   
COST
At 1 July 2022 188,592 2,143,686 10,135
Additions - 257,057 -
At 30 June 2023 188,592 2,400,743 10,135
DEPRECIATION
At 1 July 2022 11,316 1,326,893 6,524
Charge for year 3,772 185,418 1,306
At 30 June 2023 15,088 1,512,311 7,830
NET BOOK VALUE
At 30 June 2023 173,504 888,432 2,305
At 30 June 2022 177,276 816,793 3,611

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 50,806 46,891 2,440,110
Additions - 3,522 260,579
At 30 June 2023 50,806 50,413 2,700,689
DEPRECIATION
At 1 July 2022 35,012 45,651 1,425,396
Charge for year 3,159 1,679 195,334
At 30 June 2023 38,171 47,330 1,620,730
NET BOOK VALUE
At 30 June 2023 12,635 3,083 1,079,959
At 30 June 2022 15,794 1,240 1,014,714

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 501,474 444,283
Amounts owed by group undertakings 16,000 16,060
Amounts owed by associates 6,000 6,000
Amounts recoverable on contract 23,539 11,505
Other debtors 5,631 14,800
552,644 492,648

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 89,913 66,122
Trade creditors 381,156 402,145
Amounts owed to group undertakings 217,297 213,604
Taxation and social security 320,122 110,940
Other creditors 377,978 539,253
1,386,466 1,332,064

Within 'Other Creditors' are amounts owed to the directors totalling £277,676 (2022 - £276,419) The loans are payable on demand and no interest has been charged to the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Bank loans 100,000 150,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/6/23 30/6/22
£    £   
Within one year 4,323 14,818
Between one and five years - 4,864
4,323 19,682

10. SECURED DEBTS

The following secured debts are included within creditors:

30/6/23 30/6/22
£    £   
Bank overdrafts 39,913 16,122
Bank loans 150,000 200,000
189,913 216,122

The company has entered into a cross guarantee debenture to secure all monies due or to become due by way of a fixed and floating charge over the undertaking and all property in Kudos 1430 Limited.

The hire purchase liabilities are secured upon the assets to which they relate.

The Coronavirus Business Interruption Loan (CBIL) is substantially guaranteed by the government.

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
200 Ordinary £0.50 100 100

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Kudos 1430 Limited.